[kictanet] I&M suspends online card transactions

[Alex Watila]

Risk Avoidance vs Risk Mitigation 

-----Original Message-----
From: kictanet
[mailto:kictanet-bounces+awatila=yahoo.co.uk at lists.kictanet.or.ke] On Behalf
Of Mark Kipyegon via kictanet
Sent: Wednesday, October 7, 2015 7:38 AM
To: awatila at yahoo.co.uk
Cc: Mark Kipyegon <mkipyegon at outlook.com>
Subject: [kictanet] I&M suspends online card transactions

Is it a viable solution to suspend the service to paying customers? The risk
cited in the article is not a new thing in that particular industry.

--
keybase.io/kipyegonmark

On 7 Oct 2015, at 09:41, kictanet-request at lists.kictanet.or.ke wrote:

> 
> 
> Listers
> 
> Interesting story about the pitfalls of ECommerce payments. 
> 
>
http://www.businessdailyafrica.com/Corporate-News/I-M-Bank-suspends-online-c
ard-payments/-/539550/2901814/-/k38ilvz/-/index.html
> 
> As one of the few acquirers (The others are Barclays and KCB, soon to be
followed by Chase Bank) this doesn't auger well for online card payments in
the country. 
> 
> Fortunately for us we have other payment gateways we can use. 
> 
> I'm curious to know what impact this will have on eCommerce in the
country. Anyone can share insights?
> 
>> 

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